Use the Following Figure to Answer the Question : Figure

Multiple Choice

Use the following figure to answer the question : figure 8-1: shows the curves F,C,and G denote the total cost,the total variable cost,and the total fixed cost of a firm.

-In Figure 8-1,R identifies the point:

A) of inflection.
B) where AVC reaches a minimum.
C) where MC reaches a minimum.
D) where diminishing marginal returns set in.